Introduction
The Volume Spread Analysis MT5 Indicator by PipTick is designed to assist traders in analyzing volume and price action, providing over 20 different signal types to highlight potential market movements. Based on Volume Spread Analysis (VSA) principles, it offers valuable insights into market behavior. User feedback, particularly from 20770 and Steven Bramall, highlights its effectiveness, though it also presents some display issues. This review compares this indicator to one of the EASY trading robots: EASY Trendopedia, EASY Scalperology, or EASY Breakopedia, focusing on their profitability, reliability, and functionality.
Comparison with EASY Trading Robot
EASY Trendopedia:
Volume Spread Analysis MT5 Indicator by PipTick:
- Provides over 20 signal types.
- Requires a sound understanding of VSA/VPA for effective use.
- Effective in Forex but less so in commodities.
- User feedback indicates a high success rate for certain signals (e.g., U/RU and CAB/CAS).
- Some issues with text overlapping on the chart.
EASY Trendopedia:
- Focuses on identifying and trading trends.
- Suitable for various markets including Forex, commodities, and indices.
- Automated trade execution based on trend analysis.
- Comprehensive risk management features.
- User-friendly interface with clear signals and no display issues.
Pros and Cons
Volume Spread Analysis MT5 Indicator by PipTick:
- Pros:
- Wide range of signal types.
- Clear presentation on the chart.
- High success rate in specific markets.
- Cons:
- Requires a deep understanding of VSA/VPA.
- Display issues with text overlapping.
- Needs individual market testing for optimal results.
- No automated trade execution.
EASY Trendopedia:
- Pros:
- Automated trade execution.
- Suitable for various markets.
- Comprehensive risk management.
- User-friendly interface.
- Consistent performance with detailed analytics.
- Cons:
- Focuses primarily on trend-based strategies, which might not be suitable for all trading styles.
- Requires an initial setup to align with user-specific trading preferences.
Optimal Usage Conditions
The Volume Spread Analysis MT5 Indicator by PipTick works best for traders with a solid understanding of VSA/VPA principles. It shows excellent performance in Forex markets, particularly with signals like U/RU and CAB/CAS. Traders should test each market individually to determine which signals are most effective. It is less effective in commodities, which exhibit different behaviors.
In contrast, EASY Trendopedia excels in markets where trends are prevalent, offering automated trading and comprehensive risk management, making it suitable for traders looking for a more hands-off approach.
Conclusion
While the Volume Spread Analysis MT5 Indicator by PipTick is a powerful tool for VSA practitioners, its effectiveness is largely dependent on the user's understanding of VSA principles and individual market testing. On the other hand, EASY Trendopedia provides a more user-friendly and automated trading experience, ensuring consistent performance across various markets with minimal manual intervention.
Traders using the Volume Spread Analysis MT5 Indicator by PipTick are encouraged to share their experiences and feedback on the EASY Trading Forum.
Source Code of Volume Spread Analysis MT5 Indicator by PipTick
We do not have access to the original source code of the Volume Spread Analysis MT5 Indicator by PipTick as it is sold directly on MQL5. However, based on the description provided, the EASY Trading Team has created a sample code. If you have questions or need assistance, please ask on easytradingforum.com. Note that the EASY Trading Team does not sell the Volume Spread Analysis MT5 Indicator by PipTick; they only created the code based on the available description.
Code:
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Download Volume Spread Analysis MT5 Indicator by PipTick
To download the Volume Spread Analysis MT5 Indicator by PipTick, visit https://forexroboteasy.com/trading-robot/volume-spread-analysis-mt5-indicator-by-piptick/. If you have questions about the code, feel free to ask them on easytradingforum.com.